Subsequent Events

The following events occurred subsequent to June 30, 2016:

Real Estate Investment Activity

From July 1, 2016 through July 29, 2016, the Company sold 30 properties for an aggregate gross sales price of $149.3 million, of which our share was $141.5 million, and an estimated gain of $8.1 million and completed the foreclosure of one property. The Company expects to record a gain related to the foreclosure.

Corporate Bonds- Payments and Extinguishment

On July 5, 2016, the Company redeemed all of the $1.3 billion aggregate principal amount of our outstanding 2.0% Senior Notes, plus accrued and unpaid interest thereon and the required make-whole premium. Upon consummation of these transactions, the Company had no 2017 Notes outstanding. The Company expects to record a loss related to the extinguishment.

Market-Based Restricted Stock Units

On July 28, 2016, 610,839 Market-Based Restricted Stock Units vested, of which 199,858 shares were settled for tax withholding, resulting in 410,981 shares issued.

Common Stock Dividend

On August 2, 2016, the Company’s board of directors declared a quarterly cash dividend of $0.1375 per share of common stock (equaling an annualized dividend rate of $0.55 per share) for the third quarter of 2016 to stockholders of record as of September 30, 2016, which will be paid on October 17, 2016. An equivalent distribution by the Operating Partnership is applicable per OP unit.

Preferred Stock Dividend

On August 2, 2016, the Company’s board of directors declared a monthly cash dividend to holders of the Series F Preferred Stock for September 2016 through December 2016 in respect to the periods included in the table below. The corresponding record and payment dates for each month's Series F Preferred Stock dividend are also shown in the table below. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.



Period	Record Date	Payment Date
September 15, 2016 - October 14, 2016	October 1, 2016	October 17, 2016
October 15, 2016 - November 14, 2016	November 1, 2016	November 15, 2016
November 15, 2016 - December 14, 2016	December 1, 2016	December 15, 2016